Bourse run of highs ends
THE JSE closed weaker yesterday – its first day of losses in 10 sessions, during which it reached six record highs – as industrials and miners pulled back on the firmer rand.
Local data was upbeat. Mining production increased by a significant 6.9% year on year in August‚ after increasing by 0.9% year on year in July.
Retailers, banks, financials and property stocks gained on the day after the rand strengthened 0.40% to R13.45/$, month.
The all-share closed 0.04% lower at 57 747.30 points and the blue-chip top40 index 0.17%. Platinums lost 1.46%, the gold index 1.16%, resources 0.73% and industrials 0.15%.
General retailers added 1.36%, food and drug retailers 1.05%, banks 0.94%, financials 0.80% and property 0.42%.
The rand held steady at firmer levels, last seen at R13.47/$. — DDC its best level so far this